JPMorgan Chase & Co. reiterated their overweight rating on shares of Travis Perkins plc (LON:TPK) in a research report report published on Tuesday morning. JPMorgan Chase & Co. currently has a GBX 1,775 ($21.97) price objective on the stock.
Other analysts have also recently issued research reports about the stock. Deutsche Bank AG reaffirmed a buy rating on shares of Travis Perkins plc in a research note on Monday, July 25th. Canaccord Genuity reissued a buy rating and issued a GBX 1,740 ($21.53) price target on shares of Travis Perkins plc in a research note on Monday, July 18th. Liberum Capital dropped their price target on shares of Travis Perkins plc from GBX 2,200 ($27.23) to GBX 1,825 ($22.59) and set a buy rating for the company in a research note on Thursday, July 14th. Jefferies Group dropped their price target on shares of Travis Perkins plc from GBX 2,390 ($29.58) to GBX 1,760 ($21.78) and set a buy rating for the company in a research note on Wednesday, June 29th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 1,800 ($22.28) price target on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,806.63 ($22.36).
Shares of Travis Perkins plc (LON:TPK) opened at 1458.00 on Tuesday. The firm’s 50-day moving average price is GBX 1,589.69 and its 200 day moving average price is GBX 1,677.04. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00. The stock’s market capitalization is GBX 3.63 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be issued a GBX 15.25 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.99%.
In other news, insider Ruth Anderson acquired 53 shares of Travis Perkins plc stock in a transaction dated Monday, October 3rd. The shares were acquired at an average cost of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89). Also, insider Rogers,John acquired 41 shares of Travis Perkins plc stock in a transaction dated Thursday, September 1st. The stock was purchased at an average price of GBX 1,670 ($20.67) per share, for a total transaction of £684.70 ($847.40).
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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